Shibaswap (Ethereum) exchange overview
Decentralized (DEX). Established 2021. Trust rank 715. Reported 24h volume 1.31 BTC.
Coverage: 41 active pairs across 34 tradable assets. Liquidity profile: Low. Concentration: Concentrated. Execution quality: Competitive. Top ten pairs share 98.5%. Key pairs include SHIB/WETH, BONE/WETH, WETH/USDT, TREAT/WETH. Leading pair SHIB/WETH. Median spread on leading markets 0.61%.
Interpreting coverage and execution quality
Volume mix: WETH is the largest tracked quote currency at about 95.5% of measured flow. Data scope: 41 tickers observed, with spread readings on 41 markets. Trust rank summarizes relative standing among peers, and 24h BTC volume adds context on how active the venue is right now. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A high top ten share suggests the venue is leader driven, so secondary pairs may react more during volatility. A good read is to pair these metrics with the top pairs panel and the volume chart to understand both structure and recent behavior.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy